2024 Social Security Tax Limit Capacity . If your social security income is taxable depends on your income from other sources. For 2024, the social security tax limit is $168,600.
The maximum social security employer contribution will increase by. To fund social security, employers and employees each pay a payroll tax of 6.2% (for a combined 12.4%) of an employee’s annual.
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Maximum Social Security Tax Limit 2024 Loren Raquela , The payroll tax, which accounts for 96 percent of social security’s revenues, is generally 12.4 percent of a person’s earnings up to a maximum annual amount ($168,600 in 2024).
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